who owns the nyt

The New York Times is owned by The New York Times Company, a publicly traded company. However, the controlling ownership and majority of voting power are held by the Ochs-Sulzberger family through a trust. The family has owned the paper for generations, starting with Adolph Ochs who purchased it in 1896. Currently, A. G. Sulzberger, a member of the fifth generation of the family, is the chairman and publisher. While there are public shareholders including large institutional investors like Vanguard Group and BlackRock, the dual- class stock structure allows the Sulzberger family to maintain control by holding most of the Class B shares, which have superior voting rights. Class A shares are publicly traded but carry less voting power. This ownership structure enables the family to elect a majority of the company's board of directors and maintain significant control over the newspaper and its associated businesses.